Brokerage Edward Jones says the stocks of the three health insurers it covers – Aetna, UnitedHealth Group and Wellpoint – warrant a “sell” rating, not the prior “hold” rating because of federal health reform.

Saybrus Partners, the distribution company of The Phoenix Cos., is going to provide life insurance consulting services to the financial advisors of Wells Fargo Advisors.

Fidelity Investment lost its top-dog status as the number one distributor and mutual fund provider to rivals Charles Schwab and Vanguard, according to a new report.

Financial advisors affiliated with Edward Jones will be able to use the John Hancock platform under a new arrangement.